Apple Inc.’s new Apple Card is another push from the computing giant to move payments into a digital realm under Apple’s control, according to analysts. Apple last month announced the card, which bears a Mastercard Inc. brand and will be issued by Goldman Sachs Group Inc. The product, which eschews …
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PayPal Holdings Inc. said the United Kingdom Competition and Markets Authority provisionally cleared PayPal’s $2.2 billion deal to buy iZettle AB, a European point-of-sale services provider. The deal closed in 2018. Processor First Data Corp. said merchant-processing revenues from North American clients rose 5% year-over-year in the first quarter to …
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The conditions for the widespread adoption of contactless payments using chip cards are in place, asserts a new report from the Federal Reserve Bank of Boston. But when that will happen and what will trigger it are unknown in the Fed report, “Tap to Pay: Will Contactless Cards Pave the …
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Facebook Inc. chief executive Mark Zuckerberg told stock analysts this week that although advertising will continue to be the primary contributor to revenue, the company plans to add more commerce functions on Instagram, Facebook, and Facebook Marketplace, including features that let users buy products directly through the platforms. Instagram has …
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Point-of-sale equipment maker ExaDigm Inc. changed its name to Nexgo Inc., which is a subsidiary of XGD Group. Bluefin Payment Systems LLC said Convenient Payments LLC, developer of the GovTeller point-of-sale software, will use Bluefin’s encryption services. Shift4 Payments released its RESTful application programming interface for its integration partners. A …
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The pending acquisitions of two leading merchant processors by two leading core financial-institution processors are a “good thing,” Visa Inc. chief executive Alfred F. Kelly Jr. said Wednesday. “We’ve got very good relationships and a lot of history with all four of these players,” according to Kelly. His comments came …
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The bank-sponsored Zelle person-to-person payment service continued on its growth trajectory in the first quarter, with transaction volume up more than 70% and payment volume rising more than 50%. Zelle provider Early Warning Services LLC reported Wednesday that first-quarter payment volume hit $39 billion, a 54% increase from just over …
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KeyBank said it has begun issuing contactless-enabled Mastercard credit and debit cards. Diebold Nixdorf Inc. said KeyBank will upgrade its network of 1,400 ATMs with Diebold’s DN Vynamic portfolio of software applications that includes ATM management and more options for customers, including selection of bill denominations. Payments provider CCBill LLC announced …
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Payments provider Moneris Solutions Corp. launched Moneris Core, software that will run its new Verifone and Ingenico countertop devices. Point-of-sale software developer SpectrumSoft Inc. selected Electronic Payments and its TableTurn restaurant-management platform as a preferred vendor for payment-processing services. Business-to-business e-commerce payments provider Resolve Corp. announced that it has spun …
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The surprising revelation by J.C. Penney Co. Inc. over the weekend that it had ceased acceptance of contactless payments unmasked the little-noticed ability of contactless mobile wallets to work with point-of-sale technology that far predates them but which Visa Inc. wants banished. The blend of old and new has worked …
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